FDIC Certificate #: 57820 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Enterprise Bank & Trust (#27237) Federal Reserve ID: 3303476 Date Established: January 03, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 426590 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 03, 2005 Last Structure Change Effective Date: January 07, 2011 Last Structure Change Process Date: January 10, 2011 Last Data Update: January 10, 2011 Data Source Date: April 05, 2012
Location
Address: 15100 North 78th Way, Scottsdale, AZ 85260 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
Financial Summary
Total assets: $136.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
17Total employees (full-time equivalent)
$136,446Total assets
$5,530Cash and due from depository institutions
$5,065Interest-bearing balances
$9,579Securities
$0Federal funds sold & reverse repurchase agreements
$95,087Net loans & leases
$2,649Loan loss allowance
$0Trading account assets
$1,883Bank premises and fixed assets
$19,865Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,502All other assets
$136,446Total liabilities and capital
$134,307Total liabilities
$119,685Total deposits
$99,718Interest-bearing deposits
$119,685Deposits held in domestic offices
90.28%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,500Other borrowed funds
$0Subordinated debt
$122All other liabilities
$2,139Total equity capital
$2,139Total bank equity capital
$2,139Perpetual preferred stock
$0Common stock
$15Surplus
$21,385Undivided profits
Memoranda
$-19,261Noncurrent loans and leases
$8,240Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,388Earning assets
$0Long-term assets (5+ years)
$366Average Assets, year-to-date
$109,731Average Assets, quarterly
$2,245Volatile liabilities
$161,683Insider loans
$143,543FHLB advances
$86,779Loans and leases held for sale
$28Unused loan commitments
$14,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,240Total unused commitments
$0Restructured Loans and leases
$1,368Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,258Total interest income
$1,632Total interest expense
$4,626Net interest income
$1,000Provision for loan and lease losses
-$2,625Total noninterest income
$251Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
-$2,940Additional noninterest income
$5,616Total noninterest expense
$2,239Salaries and employee benefits
$974Premises and equipment expense
$2,403Additional noninterest expense
-$4,615Pre-tax net operating income
$0Securities gains (losses)
$88Applicable income taxes
-$4,703Income before extraordinary items
$0Extraordinary gains - net
-$4,703Net income attributable to bank
$0Net charge-offs
-$4,703Cash dividends
$4,369Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.50%Yield on earning assets
1.17%Cost of funding earning assets
3.33%Net interest margin
-1.89%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
-2.91%Net operating income to assets
-2.91%Return on assets (ROA)
-2.85%Pretax return on assets
-99.06%Return on equity (ROE)
-99.06%Retained earnings to average equity (YTD only)
3.70%Net charge-offs to loans
22.89%Credit loss provision to net charge-offs
-0.83%Efficiency ratio
280,660Assets per employee
8.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.71%Loss allowance to noncurrent loans
78.19%Noncurrent assets plus other real estate owned to assets
17.04%Noncurrent loans to loans
3.47%Net loans and leases to deposits
79.45%Net loans and leases to core deposits
216.57%Equity capital to assets
1.57%Core capital (leverage) ratio
1.36%Tier 1 risk-based capital ratio
1.80%Total risk-based capital ratio
Memoranda
$3Average assets
$161,683Average earning assets
$4,747Average equity
$139,047Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$55,612Managed Assets
1Number of Accounts
$55,612Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$55,612Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
9Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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